Loss per share of $0.081 (compared to loss of $0.34 in H1 2023)

Appen (ASX:APX) H1 2024 results

Key Financial Results

• Revenue: $113.5 million (down 19% compared to H1 2023).

• Net loss: $17.8 million (loss reduced by 59% compared to H1 2023).

• Loss per share of $0.081 (improved from a loss of $0.34 in H1 2023).

All numbers shown in the chart above are for the last 12 months (TTM)

Appen earnings insight

Revenues are forecast to grow at an average annual rate of 2.0% over the next 3 years, while the Australian IT industry is forecast to grow at 15%.

Efficiency Australian IT industry.

The company’s shares are down 29% from the previous week.

Risk analysis

Please note that Appen is displayed 4 Warning Signals in Our Investment Analysis and one of them is significant…

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